Chambers testify about their concerns. From february until april of 2020. But the closure rates for minority owned businesses are significantly higher with 41 of blackowned businesses, 32 of latino acts owned businesses and 22 of asian businesses. They closed over the same time frame. Now, in april of this year the federal return bank of new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and are twice as likely to be classified as at risk for distress then nonminorities Small Businesses. Further, companies are three times likely as healthy businesses to close because of [inaudible]. The pcp program established under the cares act and administered by the Small Business administration and treasury as funding lifeline for distressed businesses responding to the culminating pandemic. What recent analysis by the color of change and the u no space United States found only one in ten African American and late lati
To that. There is an item that is on for later on the agenda, related to missiontomission bay project and it really speaks to a lot of what you are raising supervisor fewer and i share those concerns. Well do a Racial Equity analysis and kickoff a Community Realm planning process that will be completed over the next year to two years and its really looking into a lot of things that you are raising and obviously the original plan here was done long before i was supervisor and this is a more minor weak to it but its something that we share those concerns and want to make sure were looking very closely at them and i appreciate you raising them. Supervisor yee i dont see anybody else on the roster. Madam clerk, are there any lets open up for Public Comment. Thank you mr. President. The board of supervisors will now hear public testimony remotely and regarding the redevelopment plan amendment for Mission Bay South blocks 2932. If you call in earlier, and you can now press star 3 and you wil
Now in april this year the Federal Reserve bank in new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and more likely to be classified as at risk for distress the nonminority Small Businesses. Further companies are three times likely as Healthy Business to close because of a two month the ppps program established under the cares act and administered by the Small Business administration and treasury for distress with responded to the covid19 pandemic. Recent analysis of the color of change in the United States found only one in ten africanamerican owned businesses received the requested funds through the program. I have heard from many a minority owned businesses who did everything right, they did not give a low number or loan in the first round, many minority businesses share the enhancement act was not adequately designed to enhance or assist Small Businesses. Thank you to the partnership of the Financial
We will hear from the erickson ceo. Manus very warm welcome. There is a nonveteran. Is a bond there veteran. Says, we are in for a rough slowdown in the u. S. Andof his fund is in cash his buyers are getting worried. The beige book tells me there is only a slight modest pace of growth. Good morning. Not fixedsaid it is income investment, it is fixed lawson testing. He does expect a recession in europe and a slowdown in the u. S. Some signs ofaybe concern with the retail sales but lets get back to erickson. In earnings season in europe. Ericsson is telling us, six. 5 billion swedish krona. Net sales, a eight on the estimate of a beat on the estimate. The third adjusted gross margin also beat with 36. 6. We have some guidance as well. 2020. 240 billion for the numbersg like are beating and so is the guidance. A boost from 5g upgrades among other things. Manus on the commercial side, the troubled asset manager in switzerland, they are saying they will reiterate the 2019 guidance. Net outf
Wont continue the great work to balance the reforms we need to implement as well as making sure we focus on Public Health for San Francisco. We can do both we have done both the data makes that clear this is to be thats why day is to o so significant i remember 8 years ago and all with ed lee form mayor and form supervisor malia connecticut and police and our form chief and thank you for being here today chief sir. We came out clapping. during a very difficult time. There were a number of photos who were out ranldz a number of challenges to this department faced. And the fact is at the time and though we miss president obama his department of justice put out 200 plus to improve we adapted that and worked with the california doj to implement those recommendations first through xavier used to be the California Attorney general and now others continuing through that process so much has happened a lot of outrage and frustration many of you know i grew up[in a community where trust between